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3905 Bank StBaltimore, MD 21224
HOHM HIGHLANDTOWN
Asset ClassMultifamily
# Units149
Parking Ratio: 116%Square Feet: 115,168Access Data Room
149-Unit, Class-A, Mid-Rise Property
overview of deal

Overview

On behalf of Ownership, GREA extends to qualified investors the opportunity to acquire the fee simple interest in HOHM Highlandtown. Completed in 2023, HOHM Highlandtown is a 149-unit, Class-A, mid-rise property located in Baltimore City, Maryland. Set just off the corner of South Eaton and Bank Streets, the 115,170± square-foot, five-story property is comprised of studio, one-, two-, three-, and four-bedroom units, and its location is ideal given the proximity to Johns Hopkins Bayview Medical Center and other medical facilities and universities in Baltimore.

 

The new luxury units feature high-end finishes, controlled access via Latch, in-unit washers and dryers, and oversized windows for plenty of natural light. The amenities offered to tenants include a landscaped courtyard, gated dog park, rentable storage units, complimentary Wi-Fi in shared amenity spaces, fitness center, coffee bar, resident lounge, pet spa, bike storage, outdoor entertaining space, controlled package room, and a co-working spaces. The property also features a parking garage with 116 spaces if residents choose to pay for parking.

 

Located at 3905 Bank Street, HOHM is conveniently situated between Johns Hopkins Bayview Medical Center and its main campus on Orleans Street which is occupied by Johns Hopkins Hospital, Children's Center, and University School of Medicine. Highlandtown neighborhood is characterized by rowhouses, eateries, galleries, and a community rich in cultural diversity. HOHM is within walking distance of 155-acre Patterson Park and is close to Canton Waterfront Park.

 

Due to the condition and vintage of the Property, tenant composition from a demographics and employer standpoint, and the location, HOHM Highlandtown positions itself as a strong turnkey opportunity for investors with the potential for ample rent growth in the coming years. Given the target price, the deal can be acquired well below replacement cost in one of Baltimore’s most up-and-coming neighborhoods.

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Investment Highlights

Newly Built in 2023

  • High-End Finishes, Fitness Center, Dog Park and Pet Spa, Resident Lounge with Coffee Bar, and Co-Working Spaces

Excellent Location

  • Located in Up-and-Coming Highlandtown Neighborhood; Surrounded by New Construction Apartments and Townhomes as well as Eastern Avenue Commercial District

On-Site Parking

  • Off-Street Garage Parking for 116 Vehicles

Access to World-Class Universities and Medical Facilities

  • Minutes from Johns Hopkins Bayview Medical Center, and Johns Hopkins Hospital, Children’s Center, and its University School of Medicine

Proximity to Highways and Downtown

  • Access to Route 40, Interstates 895 and 95; Convenient to Downtown Baltimore and Surrounding Areas
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3905 Bank StBaltimore, MD 21224

Sales Team

Corey Lonberger MD 5000613(215) 454-2878corey.lonberger@GREA.COM
Daniel YadgaroffMD 5857504(215) 454-2879daniel.yadgaroff@GREA.COM
Richard OllerMD BK 5000603(215) 454-2852richard.oller@GREA.COM
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Listing provided by Revere CRE